The Bengaluru bench of Income Tax Appellate Tribunal( ITAT ),in ‘Rathan BabuLal Lath v.DCIT-Bengaluru held that additions made merely on the basis of statements recorded by the CBI is not valid .At the same time the tribunal upheld the validity of reopening of assessment u/s 147 on the basis of such statements. The Appellant (Assessee) […]
The post Assessment merely based on Statements recorded by CBI is Invaild: ITAT appeared first on Taxscan | Simplifying Tax Laws.
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